Upland Software, Inc. (NASDAQ:UPLD) Director Sells $63,800.00 in Stock

Upland Software, Inc. (NASDAQ:UPLD) Director Timothy Mattox sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $3.19, for a total value of $63,800.00. Following the transaction, the director now directly owns 394,008 shares in the company, valued at $1,256,885.52. The trade was a 4.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Timothy Mattox also recently made the following trade(s):

• On Tuesday, December 17th, Timothy Mattox sold 2,768 shares of Upland Software stock. The shares were sold at an average price of $4.56, for a total transaction of $12,622.08.

Upland Software Stock Up 1.6 %

UPLD opened at $3.15 on Tuesday. Upland Software, Inc. has a fifty-two week low of $1.79 and a fifty-two week high of $5.64. The firm has a market capitalization of $88.73 million, a P/E ratio of -0.70 and a beta of 1.40. The company’s 50-day moving average is $3.88 and its 200 day moving average is $3.38. The company has a debt-to-equity ratio of 324.05, a current ratio of 0.99 and a quick ratio of 0.99.

Hedge Funds Weigh In On Upland Software

Several hedge funds have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Upland Software during the third quarter valued at approximately $31,000. XTX Topco Ltd purchased a new stake in shares of Upland Software during the 3rd quarter valued at $43,000. Legato Capital Management LLC bought a new stake in shares of Upland Software during the 4th quarter worth $44,000. WESPAC Advisors LLC purchased a new position in shares of Upland Software in the 4th quarter worth about $55,000. Finally, Essential Planning LLC. bought a new position in Upland Software during the fourth quarter valued at about $56,000. Institutional investors own 77.78% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on UPLD shares. StockNews.com raised shares of Upland Software from a “hold” rating to a “buy” rating in a research report on Wednesday, March 12th. Needham & Company LLC reissued a “hold” rating on shares of Upland Software in a research note on Thursday, March 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $3.75.

Upland Software Company Profile

Upland Software, Inc, together with its subsidiaries, provides cloud-based software applications under the Upland brand name in the United States, the United Kingdom, Canada, and internationally. It offers software applications that enable organizations to plan, manage and execute projects, and work in the areas of marketing, sales, contact center, knowledge management, project management, information technology, business operations, human resources, and legal.